La Croix Energy Capital | Petroleum Derivative Trading

“Think like a fundamentalist; trade like a chartist.”
Dennis Gartman. Rule #8 - Gartman’s Simple Rules of Trading

Thursday, April 8, 2010

Weather in the News

Forecast Team at Colorado State University Predicts Above-Average 2010 Hurricane Season FORT COLLINS - The Colorado State University forecast team predicts an above-average 2010 Atlantic basin hurricane season based on the premise that El Nino conditions will dissipate by this summer and that anomalously warm tropical Atlantic sea surface temperatures will persist.

The team predicts 15 named storms to form in the Atlantic basin between June 1 and Nov. 30 with eight expected to be hurricanes and four developing into major hurricanes (Saffir/Simpson category 3-4-5) with sustained winds of 111 mph or greater.

Long-term averages are 9.6 named storms, 5.9 hurricanes and 2.3 major hurricanes per year.